Morgan Stanley (NYSE:MS) announced a quarterly dividend on Thursday, July 18th, NASDAQ reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.35 per share by the financial services provider on Thursday, August 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Morgan Stanley’s previous quarterly dividend of $0.30.

Morgan Stanley has increased its dividend payment by an average of 26.0% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Morgan Stanley has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Morgan Stanley to earn $5.22 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 26.8%.

Shares of MS stock opened at $45.74 on Monday. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $51.31. The stock has a market capitalization of $76.95 billion, a PE ratio of 9.92, a P/E/G ratio of 1.17 and a beta of 1.32. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.60. The firm’s 50 day simple moving average is $43.81.

Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.10. Morgan Stanley had a net margin of 16.06% and a return on equity of 11.10%. The business had revenue of $10.24 billion during the quarter, compared to analysts’ expectations of $10.02 billion. During the same period in the prior year, the company earned $1.30 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Morgan Stanley will post 4.78 earnings per share for the current year.

A number of research firms have weighed in on MS. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. HSBC reiterated a “hold” rating on shares of Societe Generale in a research report on Thursday, April 4th. Oppenheimer set a $312.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.92.

About Morgan Stanley

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Dividend History for Morgan Stanley (NYSE:MS)

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